• Oil is trading higher

Market news

21 November 2016

Oil is trading higher

This morning, the New York futures for Brent increased by 1.56% to $ 47.59 and WTI rose by + 1.57% to $ 47.09 per barrel. OPEC slightly worsened the outlook for global oil demand next year by -0.01 million barrels per day, compared with the October forecast, to 95.55 million barrels. The forecast worsened as a result of a decrease in supply from the United States, Mexico, Norway, the UK, Malaysia, Kazakhstan and China.

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